As s uming that the c as h balanc e at the beginning

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Unformatted text preview: ns es of $7,700 were paid. 5. Additional s hares of c apital s toc k were s old for $9,200 c as h. As s uming that the c as h balanc e at the beginning of the month was $14,000, prepare a s tatement of c as h flows that dis play s operating, inv es ting, and financ ing ac tiv ities and that rec onc iles the beginning and ending c as h balanc es . (Am ounts to be deducted should be indicated with a m inus sign. Om it the "$" sign in your response.) MILLER COMPANY Statement of Cas h Flows For the Month Ended Oc tober 31, 2011 Cas h flows from operating ac tiv ities : Cas h rec eiv ed from rev enues $ Cas h paid for ex pens es Net c as h prov ided by operating ac tiv ities Cas h flows from inv es ting ac tiv ities : Cas h paid for equipment Cas h flows from financ ing ac tiv ities : Cas h rec eiv ed from s ale of c apital s toc k $ Cas h us ed to repay bank loans Net c as h prov ided by financ ing ac tiv ities Inc reas e in c as h Cas h balanc e, Oc tober 1, 2011 Cas h balanc e, Oc tober 31, 2011 12,000 ­7,700 9,200 ­1,000 $ 4,300 ­2,600 8,200 $ 9,900 14,000 $ 23,900 e z to.mhe c loud.mc gr a w- hill.c om/hm_a c c ounting.tpx? todo= pr intvie w 2/14 11/18/13 2. Assignme nt Pr int Vie w awar d: 10 out of 10.00 points Hernandez , Inc ., had the following trans ac tions during the month of Marc h 2011. 1. 2. 3. 4. Cas h rec eiv ed from bank loans was $10,000. Rev enues earned and rec eiv ed in c as h were $12,000. Div idends of $4,000 were paid to s toc k holders . Ex pens es inc urred and paid were $4,100. Prepare an inc ome s tatement bas ed on this information, being c areful to inc lude only thos e items that s hould appear in that financ ial s tatement. (Input all am ounts as positive values. Om it the "$" sign in your response.) HERNANDEZ, INC. Inc ome Statement For the Month Ended Marc h 31, 2011 Revenues $ 12,000 Expenses 4,100 Net incom e $ 7,900 Hernandez , Inc ., had the following trans ac tions during the month of Marc h 2011. 1. 2. 3. 4. Cas...
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This document was uploaded on 03/03/2014 for the course MGMT ACCOU 2300 at Rensselaer Polytechnic Institute.

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